When a person who has a Last Will and Testament dies with assets titled in his/her name alone, the Will normally must be submitted to the Court in a proceeding is known as “Probate.” As part of the Probate of the Will, the Witnesses who watched the execution of the...
Month: October 2013
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Wills – appoint a guardian for children
Wills are generally thought of as a document to designate where your life savings should be distributed at the time of your death. Another important purpose for a Last Will and Testament is to designate a Guardian of your minor children. You should also consider...
Transfer of assets – court case
Under the Medicaid transfer penalty rules, any transfers made within five years from the date of the Medicaid application will be presumed by the Medicaid Agency to have been made for the purpose of depleting assets to qualify for Medicaid and subject to a transfer...